Residential property is sold in Dec 2021. The entire capital gain (say Rs. 1cr) is proposed to be invested in an apartment in a new residential multi-story building that is under construction by a commercial builder. Say the apartment price is Rs. 3cr.

Under construction linked plan, Rs. 1cr has to be paid immediately. The remaining payment follows the construction schedule. Actual possession is after 3 years, although builders are known to delay projects.

The question is - since the entire capital gain of Rs. 1cr has been invested in an under construction property within the allowable time of 3 years, but the remaining payments and possession is likely to take place beyond 3 years from the sale of the old property, does this qualify for exemption under section 54?

MY 10 % GST REFUND IS PENDING , IS IT DUE TO NON SUBMISSTION OF PMT 03 AND HOW TO FILE IT BECAUSE NOT FLLING OF APPEAL BUTTON IS INACTIVE

Sir,
A person cash loans to debtors balances as on Dt:01-04-21 show in books value rs:10 lacs.
Dt:20-05-21 cash paid (through on bank) rs:5 lacs
Dt:19-08-21 cash from debtors (through on bank mode) rs:3 lacs.
Debtors balances as on dt:31-12-21 rs:12 lacs
Question:
Assessess interest calculate on closing balance amount or transactions wise correct procedure.

Cost of land including registration charges Rs.92000, year of puchase 1995.
Construction cost Rs.500000 - year of construction 1997, this is sold for 1800000 in the year 2022. Kindly let me know the long term capital gain or loss.

Sir,

I have received free samples of 10 quantity at a nominal price of Rs. 100 ( issued separate invoice by the supplier) . How can I account the same in my company books of account.

HI, I'm pursuing my BCOMG course from IGNOU open university as I'm working. I'm waiting to write my first year exams. I want to pursue CA. As per my knowledge, students under BCOM Correspondence can start articleship. But, How do I start? Should I appear in any exams or should I register myself with ICAI..? Sorry if its silly.. I do know wat to do please help!

Sir,
Mr. A purchase of property from Mr.B value rs:50 lacs .the stamp Duty value this property is rs:65 lacs.
Question:
Tax treatment both persons and sec 56 2(X) provision applicable in it act.

Penalty under section 234E levy from which date and how much penalty can be levy.

or in the case of NIL returns than also how much penalty can be levy, please reply.

SIR,
THE ASSESSEE HAS 2 BUSINESS. ONE IS TRADING IN GOODS(TURNOVER 12 CRORE) AND OTHER IS TRADING IN SHARES(TURNOVER 6 CRORE SPECULATION BUSINESS) . BOTH BUSINESS ARE SUBJECT TO AUDIT AND ARE DIFFERENT. MY QUERY IS HOW TO FILE AUDIT REPORT OF 2 BUSINESS DIFFERENLY. ONE BUSINESS AUDIT REPORT IS FILED AND ACCEPTED. WHEN I AM FILING 2ND REPORT, THE PORTAL TELL TO ADD CA. WHEN ADDING CA IT TELL CHANGE THE FILING SECTION I.E.REVISED AUDIT REPORT. BUT FOR SECOND BUSINESS IT IS ORIGINAL REPORT AND NOT REVISED REPORT. ONE OF MY FRIEND TELL ME TO ADD TUROVER OF BOTH BUSINESS AND FILE AUDIT REPORT. BUT HOW TO COMBINE THE TWO BUSINESS DETAILS AS BOTH ARE DIFFERENT , ONE IS NORMAL BUSINESS AND OTHER IS SPECULATION OF SHARES. WHAT TO DO IN THIS CASE ? WHAT IS RIGHT IN THIS SITUATION? PLEASE SUGGEST

Respected Members,
I have a query, for a builder on sale of underdeveloped house and charging GST at 5% (without ITC), here without ITC means ITC credit won't be available to builder on his purchases (inputs) or buyers of house cannot claim ITC?
I already had accumulated ITC in credit ledger, in case if it no ITC to builder, when i'm filing GSTR 3B credit balance gets set off against liability not cash then how without ITC i can make GST payment? Please Help